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Sumbawa Gold Singapore-BOUND

Tuesday, March 11, 2008

The deadlock in the divestment process of PT Newmont Nusa Tenggara shares ends in international arbitration.

arsip tempo : 173165911053.

. tempo : 173165911053.

RELATIONS between the government and PT Newmont Nusa Tenggara are heating up. On Monday of last week, the government brought the Newmont share divestment case to international arbitration in Singapore. Newmont is deemed to have defaulted in contract execution for not completing the divestment according to the deadline. Arbitration was chosen after three warning letters to Newmont. The first was sent on February 11, 2008; two more followed thereaf

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